- Japan: Index of Business Conditions (Feb-Final), Electric Power Generated (Jan)
- Spain: Services Sector Activity, New Orders and Turnovers (Feb)
- Finland: PPI, Domestic Supply Prices (Mar)
- US: NABE Business Conditions Survey (Q1)
- Indonesia: Non-Oil and Gas Trade (Feb); Taiwan: Labor Market (Mar)
- Egypt: IP (Feb)
- more updates...
Economy in Brief
Fresh Six-Year PMI Highs for Euro Area
The 'fresh six-year high' is a pleasant surprise that continues, but...
Philadelphia Fed Factory Conditions Soften
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index fell to 22.0 during April...
U.S. Leading Economic Indicators Suggest Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.4% (3.5% y/y) during March...
U.S. Initial Unemployment Insurance Applications Increase
Initial unemployment claims for unemployment insurance rose to 244,000 during the week ended April 15 (-5.1% y/y)...
Japan's 'Trade Trends' Stabilize on an Unstable Foundation
Japan trade trends, broadly considered, seem to be stabilizing...
U.S. Mortgage Loan Applications Fall
The MBA total Mortgage Applications Volume Index declined 1.8% last week (-24.9% y/y)...
by Tom Moeller June 30, 2016
Initial jobless insurance claims increased to 268,000 (-4.3% y/y) during the week ended June 25 from 258,000 in the prior week, revised from 259,000. The Action Economics Forecast Survey expected 270,000 claims. The four-week moving average of claims remained steady at 266,750. During the last ten years, there has been a 74% correlation between the level of claims and the m/m change in payroll employment.
In the week ending June 18, continuing claims for unemployment insurance declined to 2.120 million (-6.7% y/y) from 2.140 million. Claims were near the lowest level since 2000. The four-week moving average fell to 2.134 million.
The insured rate of unemployment eased to a record low of 1.5%.
Insured rates of unemployment across states continued to vary. Near the low end of the range were South Dakota (0.37%), Florida (0.64%), Indiana (0.76%), Tennessee (0.80%), Virginia (0.86%) and South Carolina (0.89%). At the high end of the scale were Texas (1.66%), Massachusetts (1.77%), Nevada (1.79%), Illinois (1.96%), New Jersey (2.22%) and Pennsylvania (2.25%). The state data are not seasonally adjusted.
Data on weekly unemployment insurance are contained in Haver's WEEKLY database and they are summarized monthly in USECON. Data for individual states are in REGIONW. The expectations figure is from the Action Economics survey, carried in the AS1REPNA database.
Monetary Policy Transmission before and after the Crisis from the Federal Reserve Bank of New York can be found here.
|Unemployment Insurance (000s)||06/25/16||06/18/16||06/11/16||Y/Y||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.5||1.6||